Monday, September 23, 2013

Bloomberg Businessweek, September 18, 2013, Wednesday

Disappearing are the days of the company owning their workers’ welfare, said Linda Barrington, the executive director of Cornell University’s Institute for Compensation Studies.

Retirement plans such as “401(k) and the like require more of employees than did the traditional pension, albeit they also offer more ’choice,’” Barrington said in an e-mail. “Choice can be good. But making the right choice requires educating oneself and discernment in the decision -- both which are responsibilities that take time, and maybe some talent.”